GCI Liberty Q1 revenue falls on video business exit

Liberty Capital

07/05/2026 13:42

Overview

US telecom provider's Q1 revenue fell 4% year-over-year to $256 mln

Adjusted OIBDA dropped 18%, impacted by non-comparable items and higher operating expenses

Company agreed to acquire Quintillion, an Alaska fiber provider, for $310 mln to boost network scale

Outlook

GCI Liberty expects 2026 net capital expenditures of $290 mln, including $20 mln from 2025

Company says Quintillion acquisition expected to be accretive to free cash flow

GCI Liberty plans continued investment in network assets to enhance connectivity in Alaska

Result Drivers

VIDEO BUSINESS EXIT - Consumer revenue declined mainly due to the company's full exit from the video business in 2025

SUBSCRIBER LOSSES - Data revenue in the consumer segment fell as cable modem subscribers declined 3% year-over-year

HIGHER OPERATING EXPENSES - Increased professional service fees and new public company costs contributed to higher expenses

Company press release: ID:nBw2QY0D2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$256 mln
Q1 Adjusted OIBDA
$93 mln
Q1 Adjusted OIBDA Margin
36.30%
Q1 Operating Income
$30 mln
Q1 Operating Income Margin
11.70%


Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for GCI Liberty Inc is $68.00, about 104.5% above its May 6 closing price of $33.25

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)